Olga Tanas and Dina Khrennikova

Government, Business, Logistics

Russia Willing to Pay to Lure Shippers to the Arctic

Suez Canal The Thalassa Avra containership passes through the New Suez Canal during the official opening ceremony in Ismailia, Egypt, on Aug. 6, 2015. (Shawn Baldwin/Bloomberg)

Russia wants to make its Arctic waters more attractive to shippers than the Suez Canal and could be willing to compensate for potential risks to make that happen.

October 21, 2019